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-   -   Sports Wagering one step closer in NJ.... (http://www.paceadvantage.com/forum/showthread.php?t=114956)

biggestal99 10-28-2014 06:41 AM

Quote:

Originally Posted by Robert Goren
Like you, I have no idea where certain posters are getting the idea that the third circuit will rule in NJ's favor.

No idea? The 3rd said jersey could mold its sports betting laws they way they wanted. Jersey did that.

Now the nfl lawsuit says jersey is still regulating sports betting at racetracks and casinos
Even though they repealed all sports betting laws.

Read Theodore Olsens reponse to the lawsuit and than you perhaps will get we us
"Certain posters" are getting our ideas from.

Allan

Hambletonian 10-28-2014 07:03 AM

at the end of the day, I believe everyone here realizes that it is truly astounding that a law was passed that limited a specific vice based commerce to only a few states. If a law was proposed that only a handful of states could sell alcohol, or cigarettes, there would be riots.

because there is money in cigarettes and alcohol....and not is sports wagering.

and sports wagering, with its low takeout and low churn, is one of the best bets in taking your bankroll farther. and it is a heck of a lot more on the up and up then horse racing.

but there is no money in it, so the law was passed and there we are. and i do not believe there will ever be a law passed on a federal level to repeal it. people who bet on sports do not fall neatly into one political philosophy, the republican party would seem to be the smarter fit but their religious constituents would probably fight it. so no money and no political force.

NJ can thank Senator Bill Bradley for its predicament.

lamboguy 10-28-2014 07:05 AM

if Christie is able to get sports gambling legalized in New Jersey, he will get my vote for president, because he will be an out and out genius is my book getting around these laws,

Robert Goren 10-28-2014 07:16 AM

Quote:

Originally Posted by biggestal99
No idea? The 3rd said jersey could mold its sports betting laws they way they wanted. Jersey did that.

Now the nfl lawsuit says jersey is still regulating sports betting at racetracks and casinos
Even though they repealed all sports betting laws.

Read Theodore Olsens reponse to the lawsuit and than you perhaps will get we us
"Certain posters" are getting our ideas from.

Allan

NJ could "mold" its laws all they want and they still would not win. The deck is stacked, the fix is in, that is what you don't get. The sports leagues want no part of it at this time. It is still their product. You don't have a chance if they are not on board. Even then, it is an up hill battle.

onefast99 10-28-2014 08:51 AM

Quote:

Originally Posted by Robert Goren
NJ could "mold" its laws all they want and they still would not win. The deck is stacked, the fix is in, that is what you don't get. The sports leagues want no part of it at this time. It is still their product. You don't have a chance if they are not on board. Even then, it is an up hill battle.

Robert you are spot on with your theory, but the professional sports leagues and the NCAA would love to be part of a multi million dollar revenue generating stream aka sports wagering. Adam Silver just came out and said expanded sports betting is "inevitable" that eventually the NBA would be open to participating in it. He can now be called to testify as was Stern and Goodell in the first go round on sports wagering. This time it will be tougher for the professional sports leagues and the NCAA to prove "irreparable harm" from expanded sports wagering outside of Nevada. If anyone thinks the power of the sports leagues will sway the third circuits opinion they are sadly mistaken. The proof will now be on the leagues, that may be their downfall!

horses4courses 10-28-2014 10:08 AM

Quote:

Originally Posted by Hambletonian
NJ can thank Senator Bill Bradley for its predicament.

He was the absolute worst when it comes to legal sports wagering.

bks 10-28-2014 10:17 AM

http://www.nj.com/politics/index.ssf...e_auditor.html

How on earth does a judge not recuse himself when his brother played in the league leading one of the sides in a dispute? Even if he isn't biased, you cannot have the appearance of impropriety whatsoever as a judge. Step down.

Robert Goren 10-28-2014 10:29 AM

Quote:

Originally Posted by onefast99
Robert you are spot on with your theory, but the professional sports leagues and the NCAA would love to be part of a multi million dollar revenue generating stream aka sports wagering. Adam Silver just came out and said expanded sports betting is "inevitable" that eventually the NBA would be open to participating in it. He can now be called to testify as was Stern and Goodell in the first go round on sports wagering. This time it will be tougher for the professional sports leagues and the NCAA to prove "irreparable harm" from expanded sports wagering outside of Nevada. If anyone thinks the power of the sports leagues will sway the third circuits opinion they are sadly mistaken. The proof will now be on the leagues, that may be their downfall!

No it is not. NJ does not have an agreement with the leagues. You need an agreement with a track if you are an ADW before you take bets on their track. The mere fact that they an agreement with another ADW is not enough. It really is the same thing. Repeat after me. "It is their product. They control all the rights to their product. Nothing else matters." Almost everything does has price, but it is unlikely that NJ can meet their price. It would tens of billions up front plus a percentage just for NJ. They are going to give it away for 1% and no up front money.

horses4courses 10-28-2014 11:16 AM

Quote:

Originally Posted by Robert Goren
"It is their product. They control all the rights to their product. Nothing else matters."

I object to the fact that the NFL does nothing to eliminate illegal gambling
on their product. If they really believed that gambling is detrimental to
their sport, they should make an effort to combat it.
I'm not talking about occasional "lip speak",
I mean an organized program that would require significant investment.

Their indifference to acknowledging the existence of illegal wagering
on their product is as good as condoning it.

biggestal99 10-28-2014 02:20 PM

Oral argument on 11-20

Bond that nfl puts in escrow for damages if they lose to 3.4million.

Allan

Stillriledup 10-28-2014 02:24 PM

Quote:

Originally Posted by horses4courses
I object to the fact that the NFL does nothing to eliminate illegal gambling
on their product. If they really believed that gambling is detrimental to
their sport, they should make an effort to combat it.
I'm not talking about occasional "lip speak",
I mean an organized program that would require significant investment.

Their indifference to acknowledging the existence of illegal wagering
on their product is as good as condoning it.

This is a really good point.

They have a new commercial with a bunch of players making one line statements, something about that they're not going to look the other way anymore. Maybe that has to do with illegal gambling. :eek: ...and how they're not just going to accept that MILLIONS of fans are only watching the games because they have a vested interest.

Canarsie 10-28-2014 02:50 PM

Quote:

Originally Posted by biggestal99
Why did the nfl have to pony up 1.7 large in escrow to pay monmouth in damages if the nfl loses its case?

Seems like the court is overvaluing sports wagering at monmouth?

Btw the restaining order expires on 11-7

League and monmouth are having a difference of opinion in scheduling a hearing,

Monmouth wants it asap but the nfl want to stretch it out as long as possible.

We shall see what the court orders.

Allan

Ps the 170 large is profit on3.45b that was bet in vegas.

Once again a link please. It seems to me that you withhold them just to try and prove how knowledgeable you are on the subject. Show me one item of proof that the NFL wants to stretch it out. Did you ever work at the Inquirer?

Do you really think the NFL cares about 1.7 mil? That's equivalent to me ordering from the dollar menu at a fast food restaurant.

How come NOBODY who is on strong side of SW rebuts what I wrote about their management? Could it be they are due some bonus if it passes through the courts?

Canarsie 10-28-2014 02:54 PM

6 takeaways from N.J. sports betting video chat with state Sen. Lesniak
 
Unlike other I do not withhold information on either side of the coin. So here is what came out today on nj.com. Sheesh one person would want these links to be considered sensitive material so no one else can read them.

http://www.nj.com/politics/index.ssf...n_lesniak.html

Stillriledup 10-28-2014 02:54 PM

Its funny how they're fighting sports betting in NJ saying it will "hurt business' but i doubt they have any intention of giving extra revenue back if NJ passed sports wagering.

Also, what Monmouth could do (and all other NJ locations that want sports betting) is order the "nfl package" for the tracks and pay the NFL money for the rights to show all the games....that way, they can show that the NFL is actually profiting off sports betting by getting additional revenue from more sold NFL package subscriptions.

onefast99 10-28-2014 03:00 PM

Quote:

Originally Posted by Robert Goren
No it is not. NJ does not have an agreement with the leagues. You need an agreement with a track if you are an ADW before you take bets on their track. The mere fact that they an agreement with another ADW is not enough. It really is the same thing. Repeat after me. "It is their product. They control all the rights to their product. Nothing else matters." Almost everything does has price, but it is unlikely that NJ can meet their price. . They are going to give it away for 1% and no up front money.

The rights that allow Las Vegas to accept wagering on "their" product but another state cannot?
You don't have any idea what you are talking about when it comes to the cost for the leagues to say yes to NJ, no one knows the value of sports wagering in NJ at this point so your silly reference that "It would tens of billions up front plus a percentage just for NJ" is absurd.
Dennis Drazin tried to sit down with the professional sports leagues but they refused eventually they will sit down with him.


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